Toyota Motor stated on Friday it would restructure its management executive ranks, consisting hiring new people and shuffling present roles throughout the company. As part of the modifications, Chris Reynolds is going to be the chief administrative officer for North America operations and right now is the executive vice president of the North America unit.
Toyota is ready to buy out PSA Group’s stake in a jointly-managed Czech Republic factory specializing in the production of small vehicles, the companies stated on Friday. The French firm will also provide another model of compact van for its Japanese partner from its Vigo plant located in Spain as of 2019, they added. Toyota
Toyota Motor and SoftBank Group are teaming up to develop self-driving vehicle services, signaling deepening alliances among top automakers and tech companies as the global race to develop autonomous cars intensifies. Japan’s biggest automaker and its most influential tech firm will jointly work on a platform to operate self-driving vehicles which can be used as
Toyota Motor stated on Wednesday it prepared to recall around 1.03 million vehicles, consisting its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to a concern with the engine wire harness which can pose a fire risk. After a domestic recall announcement by Japan’s transport ministry, Toyota stated that in affected
Toyota Motor will construct another capacity at its auto plant in China’s Guangzhou, a company source stated, in addition to beefing up production at a factory located in Tianjin city by 120,000 vehicles annually. A person close to the company stated the automaker will construct capacity at the production hub located in the south China
Russia’s standards agency stated on Wednesday it has been aware about the recall of 20,702 Toyota cars sold from March 2010 and May 2015. The cars, consisting the Alphard, Corolla, Auris and Yaris models, were likely recalled due to a possible issue with their airbags, the agency stated.
Toyota Motor on Friday stated higher U.S. auto tariffs would increase the cost of vehicles produced regionally along with those imported to the United States from Japan, which would have a huge impact on its bottom line. Like its worldwide competitors, Toyota is bracing for the possibility of an increase in U.S. auto import tariffs,
Toyota is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and supporting the technology into buses and trucks to construct economies of scale. As Toyota cranks up enhancements for the next generation of its Mirai hydrogen fuel cell vehicle (FCV), anticipated in the early 2020s, it
The U.S. International Trade Commission stated on Thursday it would probe Toyota Motor, Panasonic and other companies for alleged patent infringement in certain infotainment systems, components and automobiles involving such systems. The investigation was based on a report by Broadcom Inc, the commission stated. Other companies to be probed are Denso Ten America Ltd, a
Toyota Motor on Thursday stated it strategies to set up a facility to mass manufacture hydrogen fuel cell stacks, a major component of fuel cell vehicles, as it looks to increase production of hydrogen-powered vehicles and expand their usage as a zero-emission alternative to gasoline vehicles. The new unit will come up on the grounds
Russia’s standards agency stated on Wednesday it had been told about the voluntary recall of 7,638 Lexus and Toyota cars sold between June 2015 to September 2016. The watchdog stated the reason for the recall was a potential microchip defect that could lead to an airbag malfunction. A range of Lexus and Toyota models had
Toyota Motor is going to invest $170 million in a plant in Mississippi to develop the next generation of its Corolla sedan, the Japanese automaker stated on Thursday. The investment will result in the creation of 400 jobs during the next 12 months at Toyota’s Blue Springs, Mississippi, plant. Toyota stated the investment will involve
Toyota Motor prepares to begin offering U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker stated on Monday, possibly preventing thousands of accidents on yearly basis. The U.S. Transportation Department must decide if they should adopt a pending proposal that would need all future automobiles to have
The truck units of Toyota and Volkswagen are forming an alliance to boost their market positions as commercial automakers face increasing costs to develop lower-emission automobiles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the recent in the international vehicle industry, where automakers look